SHIB weekly burns record nearly 100% increase, price reacts steady $SHIB ShibArmy SHIBCommunity Shibainu
, only 106,780,540 SHIB tokens were burned and 29 transactions were made. The current weekly figure represents a nearly 100% increase in tokens burned over the said timeframe.
Likewise, the number of transactions carrying SHIB to be burned is showing a corresponding increase of almost the same magnitude.reported that SHIB recorded its highest daily burn amount since Oct. 12, with 134 million SHIB being burned. After this feat was achieved, the SHIB daily burn amount returned to its former low levels.In the past 24 hours, only 1,099,842 SHIB tokens were burned and five transactions were made. The meager burn amount is reflected in the burn rate, which is 92.
The bulls seem ready for a move as the daily RSI is tilting slightly upward near the 50-neutral mark. Given this, the general picture seems to be that of consolidation. SHIB price may persist in range trading for a while before the next major move. On the upside, the daily MA 50 and MA 200 are levels for bulls to squash to trend higher.
In the meantime, the current SHIB price action is giving holders ample opportunity to accumulate. According to IntoTheBlock data, SHIB is recording the largest percentage of long-term holders, or"hodlers," which is currently 54%. This proportion of holders has exploded in recent months to outnumber both short- and midterm holders.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Shiba Inu (SHIB) Accepted as Payment by This Berlin-based Footwear Maker: DetailsSHIB payments accepted by this major footwear company Shibainu ShibArmy SHIBCommunity $SHIB Crypto
Read more »
SHIB Burn Rate Jumps 252% on Exciting Ecosystem DevelopmentsSHIB burn rate responds with 252% jump as whales start buying $SHIB Shibainu ShibArmy SHIBCommunity Shiba Shibburn
Read more »
Twitter has lost 50 of its top 100 advertisers since Elon Musk took over, report saysHalf of Twitter's top 100 advertisers appear to no longer be running ads on the website, according to a new report. Collectively, the advertisers have spent more than $750 million in 2022 alone.
Read more »
“You Can’t Be Neutral on a Moving Train”: Remembering the People's Historian Howard Zinn at 100“To be neutral ... is to collaborate with whatever is going on, to allow it to happen.”
Read more »
Popular Star Wars Game Now 100% FreeA popular Star Wars game is now 100 percent free, no strings attached. The last decade has seen [...]
Read more »